Gas prices could be back on the rise this week after crude oil prices spiked Friday on news of a new economic deal in Europe, the Cleveland Plain Dealer reports.

An analyst from GasBuddy.com told the newspaper, in a reverse of what was predicted last Monday, that gas prices could hit $3.50 a gallon this week. Gas prices in the Columbus area have fallen by 37 cents during the last month from about $3.55 to $3.18 a gallon, according to AAA's Daily Fuel Gauge Report.

The increase in crude oil prices was driven by panicking money managers, and that eventually will filter down to prices at the pump in Ohio, the newspaper reports.

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